Я
d
SUPPORT WILL BE ONCE WE KNOW EXACTLY WHAT LEVEL OF REQUIRED, ECGD WILL BE READY TO CONSIDER CONSTRUCTIVELY THE EXACT TERMS, TAKING ACCOUNT OF THE POINTS IN ALLAN'S HOWEVER HE SHOULD BE IN NO DOUBT LETTER TO MR NEEDHAM. THAT IT WOULD BE UNREALISTIC TO EXPECT CREDIT BEYOND EIGHT AND A HALF YEARS. THIS IS THE MAXIMUM PERMITTED FOR SUCH CHINA IS A PROJECT IN HONG KONG UNDER THE OECD CONSENSUS.
AS ALLAN KNOWS, IT ELIGIBLE FOR TEN YEARS CREDIT, BUT, AS WOULD BE CONTRARY TO. HMG'S POLICY TO PRESENT HONG KONG AS
UNDER THE CONSENSUS TWELVE YEARS IF IT WERE CHINA. AVAILABLE FOR POWER STATIONS ALONE.
IS
e
REMAIN READY ECGD
то ENTER INTO EARLY
DISCUSSIONS
WITH ANY SUCCESSFUL UK BIDDER WITH A VIEW TO PRODUCING A CONDITIONAL COMMITMENT. WE AWAIT THE ANNOUNCEMENT OF YOUR
DECISION WITH INTEREST.
2
FOR YOUR OWN INFORMATION, MINISTERS ARE STILL CONSIDERING
FOR ECGD'S BUDGET
THE CURRENT
ARRANGEMENTS FOR HONG KONG.
FINANCIAL
THE YEAR INCLUDING
(SPECIAL ARRANGEMENTS HAVE, AS YOU EVEN IF THIS
KNOW, NEVERTHELESS BEEN AGREED FOR BLACK POINT.)
IMMEDIATELY AGAINST
MATTER WERE TO BE RESOLVED QUICKLY, ECGD WOULD NOT WISH TO COMMIT COVER FOR SITE CLEARANCE IN ADVANCE OF THE AWARD OF A ANY COMMITMENT HAS TO BE SCORED CONTRACT TO A BRITISH COMPANY:
AGAINST ECGD'S BUDGET, THIS PRE-EMPTS COVER FOR ALLAN HAS IN OTHER BRITISH EXPORTS TO HONG KONG AND ELSEWHERE. THE PAST SOUGHT TO OBTAIN UPFRONT COMMITMENTS OF THIS KIND,
HALL (PEP) BRIEFLY EXPLAINED WE HAVE TRIED TO DISCOURAGE HIM. THE DIFFICULTIES TO MCLEOD (FINANCIAL SECRETARY) WHEN HE CALLED ON HIM IN FEBRUARY, FOLLOWING A
AND
^FOLLOWING CONVERSATION ON THESE LINES
WITH ALLAN. IF YOU JUDGE IT APPROPRIATE,
PLEASE DEPLOY THE
PRE-EMPTION POINT WITH OTHERS IN THE HONG KONG GOVERNMENT.
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